US Dollar Forecast January 22, 2013, Technical Analysis

The US Dollar Index did very little during the holiday shortened Monday session as Americans were all celebrating the birthday of Martin Luther King Jr. With that being the case, volumes were extraordinarily low in the marketplace simply did almost nothing. It should be noted though that we managed to close above 80 for the second day in a row, and this signals that we may be heading towards the 80.50 level in the short term. Nonetheless, we are in the middle of a larger consolidation area and see this as a market that’s a 50-50 proposition at best right now.

 

US Dollar Forecast January 22, 2013, Technical Analysis
US Dollar Forecast January 22, 2013, Technical Analysis

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